Sapiens International Co. (NASDAQ:SPNS – Get Free Report)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $40.28 and last traded at $40.28, with a volume of 1713 shares changing hands. The stock had previously closed at $39.78.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $38.00 target price on shares of Sapiens International in a research report on Wednesday, May 8th. StockNews.com downgraded Sapiens International from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 18th.
Get Our Latest Research Report on Sapiens International
Sapiens International Trading Down 4.4 %
Sapiens International (NASDAQ:SPNS – Get Free Report) last released its quarterly earnings data on Wednesday, May 8th. The technology company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $134.25 million for the quarter, compared to the consensus estimate of $133.63 million. Sapiens International had a net margin of 12.52% and a return on equity of 17.41%. Research analysts predict that Sapiens International Co. will post 1.43 earnings per share for the current year.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in SPNS. Meeder Asset Management Inc. acquired a new stake in Sapiens International in the fourth quarter valued at approximately $25,000. Financial Management Professionals Inc. purchased a new stake in shares of Sapiens International during the 1st quarter valued at $40,000. Psagot Value Holdings Ltd. Israel acquired a new stake in shares of Sapiens International in the 4th quarter worth $41,000. Lazard Asset Management LLC purchased a new position in Sapiens International during the 1st quarter worth $192,000. Finally, Foyston Gordon & Payne Inc acquired a new position in Sapiens International during the 1st quarter valued at about $217,000. 30.73% of the stock is owned by institutional investors.
Sapiens International Company Profile
Sapiens International Corporation N.V. provides software solutions for the insurance industry in North America, the United Kingdom, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company provides various solutions for property and casualty commercial and personal lines, life and pensions, and reinsurance fields.
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